The Club’s top 10 things to watch Oct. 9, 2025 — Today’s newsletter was written by Investing Club editors Matthew J. Belvedere and Kevin Stankiewicz. 1. Washington approved billions of dollars worth of Nvidia chip exports to the United Arab Emirates, according to Bloomberg. Meanwhile, Cantor Fitzgerald said it’s still “early innings of a multi-trillion AI Infrastructure build-out” from big tech companies. The analysts raised their price target to $300 from $240, implying 59% upside to yesterday’s close. In case you missed it, Jim Cramer interviewed Nvidia CEO Jensen Huang in this week’s special Monthly Meeting. 2. Wall Street was little changed heading into this morning’s open on Day 9 of the government shutdown. Despite Senators rejecting Republican and Democratic reopening plans yesterday, the S & P 500 and Nasdaq got back on track, closing at new record highs. Nvidia led the market higher with a 2% gain yesterday, and the Club stock was up roughly another 2% this morning. 3. Goldman Sachs said, “Earnings day moves last quarter were larger than any time since 2009.” To capitalize on possible similar upside trading going into this quarterly reporting season, the analysts put out tactical trades, including Club names Broadcom and Disney . Other notables are Wynn , Boston Scientific , and Citigroup . 4. Costco reported an 8% year-over-year increase in net sales to $26.58 billion for the five weeks ended Oct. 5. Last year’s total and comparable sales benefitted from consumer buying associated with Hurricane Helene and port strikes. Mizuho lowered its price target on Club name Costco to $950 from $975 and kept its neutral rating. The analysts noted the year-ago period’s tough comps but see momentum intact. 5. Analysts at Piper Sandler said their 50th semiannual Teen Survey leaves them bullish on Nike , noting “signs of sequential stabilization.” It’s a favorite athletic brand for upper-income teens, according to the survey: “Nike grew mind share sequentially for the first time in three years” among the cohort. Jim is encouraged by the turnaround progress Nike CEO Elliott Hill has made nearly one year on the job, which is why the Club recently took a stake. 6. PepsiCo beat Wall Street expectations in its fiscal third quarter, leaning on a strong quarter of international performance to offset weak volumes in its North American business. The beverage and snack maker backed its full-year guide. Shares were up 1.5%. 7. Shares of Delta Air Lines , on the other hand, surged over 8% this morning on the back of better-than-expected quarterly profits and a strong outlook for the fourth quarter. Its high-end segment was the strongest. When Jim talks about the resilient bull market in travel, this is what he means. 8. Microsoft is leaning into health care in its quest to develop a strong AI brand independent of OpenAI , according to The Wall Street Journal . Microsoft, a longtime Club stock, is set to release an update to its Copilot assistant that will be enhanced by a partnership with Harvard Medical School, the report said. 9. Stifel trimmed its Salesforce price target to $300 from $325 but kept its buy rating on the struggling stock ahead of its influential Dreamforce conference next week. While analysts find it “difficult to see sentiment turning on a dime,” they’re hopeful Dreamforce can give investors a better idea on its AI positioning. The Club took advantage of a pop in the stock earlier this week to trim our position . 10. Citi added an upside 90-day positive catalyst watch on Club name Eaton , citing robust data center infrastructure demand. Separately, Eaton announced this morning that production has begun at an expanded Texas plant to help utilities with grid modernization. Yesterday, we looked at the AI data center benefit ahead for Club name GE Vernova . Sign up for my Top 10 Morning Thoughts on the Market email newsletter for free (See here for a full list of the stocks at Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
The Club’s top 10 things to watch in the stock market Thursday
